3 Apr 2017late filing notice▼ Bad
U.S. Lithium Corp. notified the SEC that its annual report would be filed late.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 Mar 2017capital raising announcement● NeutralMajor
U.S. Lithium obtained an option from Diamond Hunter Ltd. to buy 100% of the Gochagar Lake nickel-copper-cobalt claims (four claims, 3,759 hectares, northern Saskatchewan), issuing 8,000,000 shares for the option. To complete, it must spend at least US$50,000 by June 1, 2017 and US$225,000 by July 12, 2018, and the seller keeps a 2% royalty, with a US$1,250,000 right to buy back 1%. The share issue dilutes existing holders.
13 Dec 2016material agreement● Neutral
Robert Seeley lent the company a further $15,000 (November 7, 2016, convertible at $0.019) and $20,000 (December 1, 2016, convertible at $0.030) through one-year notes at 10% simple interest. These continue the earlier Seeley notes, now under the U.S. Lithium name.
14 Nov 2016quarterly activities report▼ Bad
U.S. Lithium Corp. reported a quarterly net loss of $56 thousand for the period ended 2016-09-30.
15 Aug 2016quarterly activities report▼ Bad
U.S. Lithium Corp. reported a quarterly net loss of $63 thousand for the period ended 2016-06-30.
20 May 2016quarterly activities report▼ Bad
U.S. Lithium Corp. reported a quarterly net loss of $25 thousand for the period ended 2016-03-31.
16 May 2016late filing notice▼ Bad
U.S. Lithium Corp. notified the SEC that its quarterly report would be filed late.
12 May 2016material agreement● Neutral
The company borrowed another $40,000 from Robert Seeley on May 11, 2016 through a one-year convertible note at 10% simple interest, convertible at $0.035 per share. This continues the series of small notes from the same lender.
4 May 2016material agreement● Neutral
The company borrowed $10,000 (April 8, 2016) and $5,000 (April 21, 2016) from Robert Seeley through one-year convertible notes at 10% simple interest, convertible into shares at $0.0125 and $0.015 per share. Conversion would add shares if exercised.
27 Apr 2016capital raising announcement● Neutral
The April 2016 letter of intent with Rangefront turned into a signed agreement on April 25, 2016: an option on four Esmerelda County, Nevada claims. The company issued 200,000 restricted shares to Rangefront's representative, which resolves the earlier letter of intent.
27 Apr 2016business combination● Neutral
The board approved changing the company's name from Rostock Ventures Corp. to U.S. Lithium Corp. on April 25, 2016, to be done by merging into a new subsidiary. The change was still to be reviewed by FINRA, with a later 8-K promised to confirm it.
13 Apr 2016material agreement● Neutral
On April 4, 2016 Rostock signed a letter of intent with Rangefront Consulting LLC for an option on four mineral claims in Esmerelda County, Nevada, in return for $3,500 and 200,000 shares. A definitive agreement was due by April 30, 2016, subject to due diligence.
31 Mar 2016late filing notice▼ Bad
U.S. Lithium Corp. notified the SEC that its annual report would be filed late.
16 Nov 2015quarterly activities report▼ Bad
U.S. Lithium Corp. reported a quarterly net loss of $15 thousand for the period ended 2015-09-30.
14 Aug 2015quarterly activities report▼ Bad
U.S. Lithium Corp. reported a quarterly net loss of $18 thousand for the period ended 2015-06-30.
23 July 2015quarterly activities report▼ Bad
U.S. Lithium Corp. reported a quarterly net loss of $18 thousand for the period ended 2015-06-30.
21 May 2015quarterly activities report▼ Bad
U.S. Lithium Corp. reported quarterly revenue of $0 and a net loss of $28 thousand for the period ended 2015-03-31.
20 May 2015quarterly activities report▼ Bad
U.S. Lithium Corp. reported quarterly revenue of $0 and a net loss of $28 thousand for the period ended 2015-03-31.
18 May 2015late filing notice▼ Bad
U.S. Lithium Corp. notified the SEC that its quarterly report would be filed late.
1 Apr 2015late filing notice▼ Bad
U.S. Lithium Corp. notified the SEC that its annual report would be filed late.
23 Mar 2015auditor change● Neutral
Rostock dismissed M&K CPAS, PLLC as auditor on March 12, 2015 and engaged PLS CPA on March 16, 2015. The filing says there were no disagreements; M&K's reports on 2012 and 2013 carried a going-concern doubt.
19 Nov 2014quarterly activities report▼ Bad
U.S. Lithium Corp. reported quarterly revenue of $0 and a net loss of $21 thousand for the period ended 2014-09-30.
17 Nov 2014late filing notice▼ Bad
U.S. Lithium Corp. notified the SEC that its quarterly report would be filed late.
15 Aug 2014late filing notice▼ Bad
U.S. Lithium Corp. notified the SEC that its quarterly report would be filed late.
15 Aug 2014quarterly activities report▼ Bad
U.S. Lithium Corp. reported quarterly revenue of $0 and a net loss of $26 thousand for the period ended 2014-06-30.
20 May 2014quarterly activities report▼ Bad
U.S. Lithium Corp. reported quarterly revenue of $0 and a net loss of $431 thousand for the period ended 2014-03-31.
16 May 2014late filing notice▼ Bad
U.S. Lithium Corp. notified the SEC that its quarterly report would be filed late.
31 Mar 2014late filing notice▼ Bad
U.S. Lithium Corp. notified the SEC that its annual report would be filed late.
8 Nov 2013quarterly activities report▼ Bad
U.S. Lithium Corp. reported quarterly revenue of $0 and a net loss of $1 thousand for the period ended 2013-09-30.
12 Aug 2013quarterly activities report▼ Bad
U.S. Lithium Corp. reported quarterly revenue of $0 and a net loss of $19 thousand for the period ended 2013-06-30.